Member Info for Toffers

Have issued these two rns's on asx exchange today;

5/09/2024

Proposed issue of securities – BNL

Placement to Raise A$3.0 Million

find them on bluestarhelium.com

This is 27 Aug, surely there has to be a follow up rns today from our end?

"Helium Ventures plc (AQSE:HEV), a special purpose acquisition vehicle notes the announcement made by AIM quoted Helium One Global Ltd. ("Helium One") today in relation to the Company's ASX listed investee company, Blue Star Helium Limited ("Blue Star") which has entered into a conditional sale of 50% of its Galactica helium project to Helium One. Helium One has also completed a fundraise to fund the acquisition and the drill out of 100% of six wells totalling $US2.7m and $US1.5m for past costs incurred by Blue Star.

Helium Ventures holds 7,142,858 ordinary shares in Blue Star."

Morning, looks like TG take 3% gross value royalty of any consignment to be exported. Anyone find anything different? Trying to work out benefits to a major cost wise if we should be bought out.

There's a post on Helium One Insta showing;

"Helium observed bubbling out of fluid at surface during ITW-1 well test operations."

Until tomorrow!

So we have very good relationship with the TG, and am wondering what other plans there might be with this newly formed Blue Star partnership???

Mr Rinaldi was the chief executive of International Graphite

and then over to this;

"The minister also highlighted Tanzania’s goal to become Africa’s largest graphite producer. Currently, Tanzania contributes only 0.64% to Africa’s graphite production, while Madagascar and Mozambique account for 13% and 10%, respectively...."

source: tanzania invest 5th international mining investment conference Nov 19-21 2024

"Next Steps

Preliminary economic and subsurface modelling by the Company demonstrates positive economics with artificial lift, and what is anticipated to be in the region of twenty to thirty development wells in the production phase. The data continues to be evaluated by the Company's subsurface team and will be integrated into a Feasibility Study, which will form the Mining Licence application, and demonstrate to the Mining Commission of Tanzania the viability of the Itumbula Project. The Application will be submitted in the next two weeks."

didn't LB say she intends to deliver this earlier than the two weeks?

"The fractured Basement interval flowed naturally for a period of six days with helium gas in solution, and little air contamination in what has been determined to be a pure helium/nitrogen mix. The well flowed naturally at a maximum flow rate of 2,701 bpd of fluid on a 36/64ths of an inch choke setting which equates to 834 scf/d of helium. Internal modelling by the Company demonstrates that this could increase to 20,000 bpd of fluid with artificial lift in development phase. On this basis, the Company estimates the actual flow rate would increase to 6,176 scf/d of helium, when applying an average concentration of 5.5% helium."

Pub Crawl, Proactive Investors 27 August 2024;

"Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) is moving closer to 'commerciality' following the latest well test and an acquisition that should speed its progress to generating cash.

Panmure Liberum lauded the $6.75 million purchase of a 50% working interest in the Galactica Pegasus Helium Project in Colorado, which could be in production by the middle of next year.

"The deal gives Helium One access to a near-term development which could deliver maiden revenues in 2025 and diversifies the portfolio away from Tanzania thus de-risking the overall portfolio and making the company less reliant on assets there," the broker said in a note to clients.

Production was described as "very encouraging" from the Itumbala-1 well in Tanzania, which flowed at an average 786 barrels per day from the Karoo interval with 5% helium.

Reiterating its 'buy' recommendation, the boutique investment bank said it was rebasing its price target to 3.44p from 5.30p to reflect the Colorado acquisition and issue of stock in a £6.4 million fundraiser backing the deal.

Still, the valuation is more than double the current share price of 1.46p (down 16% on the day).

Finance

Investments And Investor Services

Written by:

Oliver Haill"

May be the EWT is ready and is going to be released early/tomorrow and this is why all the gang are back again this evening bricking it! Now that would put a cat amongst the pigeons!

There's plenty out there but this is from business news in Australia when he joined Blue Star,

"Neil was appointed CEO at ASX listed Aziana Limited, a multi commodity, exploration company focused on assets in Madagascar and Louisiana, USA and was instrumental in recommending and completing the reverse takeover of Aziana Limited by Brainchip Limited (ASX:BRN.) He maintained a Non-Executive Director position with the company during a transition period until he resigned in November 2016. Neil has considerable experience in capital raising, asset acquisition and disposals, company structuring and positioning companies for growth."

Today from Helium One, the most recent post from Lorna stating "....This is a significant achievement in a very short time frame, and I am delighted to now be moving this project forward and bringing it a step closer to development...."

MS77 we should get another rns in the morning to confirm our stake in Blue Star along with their own rns I would hope. What else might be in that rns, if we get it, who knows? Have a read about Neil Rinaldi at Blue Star! Bags of expertise.

Inching up now 1.14p on HL - must be FOMO taking hold by all those peddling the garbage this morning!!

Ace I don't know MCNol, and I think MCNol is a different gender to me, ok?

Brokers are saddled up and ready to go tomorrow thanks to their stooges who scared the living daylights out of many!

Oh just seen this MCNol, great minds again :)

Roger, your missing the history of the Board at Blue Star! What do you think the Blue Star and HE1 connection is really about?

Don't know about anyone else, but I'm dead beat tired out after all the battles and shenanigans here today and it's not even quite 3pm!

Will come tomorrow on the back of another rns this time timed with Blue Star. Shorts have gone long and are in ready for it. Let's see.